WR Wealth Planners LLC Sells 15 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

WR Wealth Planners LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74 shares of the business services provider’s stock after selling 15 shares during the period. WR Wealth Planners LLC’s holdings in Booking were worth $368,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter worth $25,000. Valley National Advisers Inc. increased its position in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the last quarter. Roxbury Financial LLC bought a new stake in Booking in the fourth quarter worth $42,000. Finally, Addison Advisors LLC increased its position in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho boosted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Wedbush boosted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. BMO Capital Markets boosted their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Truist Financial boosted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Performance

BKNG stock opened at $5,016.01 on Friday. The firm has a market cap of $164.60 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.71 and a beta of 1.39. The firm has a 50-day simple moving average of $4,898.79 and a two-hundred day simple moving average of $4,607.88. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.77%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is presently 22.19%.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.